NOT LISTED FOR SALE

262 Park Ave Long Beach, CA 90803

Belmont Heights Neighborhood

Estimated Value: $2,165,000 - $3,733,152

10 Beds
7 Baths
4,980 Sq Ft
$607/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2019

Last sale price $2,600,000 $522 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,668 / mo

144 Days on Market

Highlights

  • Ocean View
  • Two Primary Bathrooms
  • Marble Flooring
  • Lowell Elementary School Rated A-
  • Colonial Architecture
  • 3-minute walk to Livingston Drive Park

About This Home

As of May 2019

262 Park Avenue is a 4-unit property located in the Estates Section of Belmont Heights, presenting the unique opportunity to own an income property in a phenomenal rental market with tremendous growth potential. Conveniently located blocks away from the beach, Alamitos Bay, Naples Island, East 2nd Street, and the new 2nd & PCH outdoor shopping center set to open in Summer 2019.Complete restoration of this 1920's Spanish Colonial style property with ocean views from select units features new kitchens with stamp-concrete tile, bathrooms featuring carrera-marble, new heating, plumbing, electrical, individual laundry hook-ups and hardwood floors throughout. Each unit also features one dedicated oversized garage with additional storage in each.Long Beach home sales prices have increased over 35% since January 2015, making it more difficult for home ownership and ensuring a continued strong rental market. With overall rent increases of 30% over the same time period, multi-family has

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 11/19/2018

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 11/19/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,357 Sq Ft Lot
  • Hillside Location

Parking

  • 4 Car Garage

Home Design

  • Colonial Architecture
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 4,980 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Ocean Views

Kitchen

  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Two Primary Bathrooms
  • 7 Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Central Heating

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7250-031-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,357 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish Colonial
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: 262 Park Avenue is a 4-unit property located in the Estates Section of Belmont Heights, presenting the unique opportunity to own an income property in a phenomenal rental market with tremendous growth potential. Conveniently located blocks away from the beach, Alamitos Bay, Naples Island, East 2nd Street, and the new 2nd & PCH outdoor shopping center set to open in Summer 2019.Complete restoration of this 1920's Spanish Colonial style property with ocean views from select units features new kitchens with stamp-concrete tile, bathrooms featuring carrera-marble, new heating, plumbing, electrical, individual laundry hook-ups and hardwood floors throughout. Each unit also features one dedicated oversized garage with additional storage in each.Long Beach home sales prices have increased over 35% since January 2015, making it more difficult for home ownership and ensuring a continued strong rental market. With overall rent increases of 30% over the same time period, multi-family has seen a similar trend in value.
  • Alley: Yes
  • Living Area: 4980
  • Lot Acreage: 0.1500
  • Stories: 2
  • Year Built: 1923
  • Builders Tract Name: Belmont Heights
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Marble, Tile
  • Appliances: Range
  • Bedrooms: 10
  • Bedroom Features: Master Bedroom
  • Bathroom Features: 2 Master Baths
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Kitchen
  • Total Bathrooms: 7.00
  • Equipment: Dishwasher, Dryer, Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 537.15

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, French Doors
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Spanish Tile
  • View: Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 1 Car
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window, Window Unit(s)
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 7250-031-008
  • Geocode Override: No
  • Lot Location: Hillside
  • Lot Size Area: 6357

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.70
  • Number Of Units: 4
  • Type Of Units: 3+2/2+2/2+1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
May 29, 2019
Sold by
Bought by
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$2,675,000
Sold Price
$2,600,000
Premium/Discount to List
-$75,000
-2.8%
Current Estimated Value
$3,022,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,538
Avg. Annual Appreciation
2.14%
Original Mortgage
$600,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,650
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 14, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,900
Interest Rate
8.13%

Purchase Details

Closed on
Aug 25, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,600,000 Lawyers Title Oc
$1,700,000 Western Resources Title Co
-- Accommodation
-- --
-- Accommodation
-- None Available
$1,400,000 Fidelity National Title Co L
-- --
$449,900 Benefit Land Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $600,000
Previous Owner $935,000
Previous Owner $610,000
Previous Owner $629,000
Previous Owner $641,650
Previous Owner $359,900
Closed $44,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2019 05/31/19 Sold $2,600,000 -2.8% $522 / Sq Ft
02/27/2019 02/27/19 For Sale $2,675,000 +2.9% $537 / Sq Ft
02/19/2019 02/19/19 Off Market $2,600,000 -- --
11/19/2018 11/19/18 For Sale $2,675,000 0.0% $537 / Sq Ft
07/06/2018 07/06/18 Rented $4,250 0.0% --
06/21/2018 06/21/18 For Rent $4,250 +11.8% --
12/01/2017 12/01/17 Rented $3,800 +1.3% --
11/05/2017 11/05/17 For Rent $3,750 0.0% --
08/11/2016 08/11/16 Sold $1,700,000 -5.3% $371 / Sq Ft View Prior Sale
05/17/2016 05/17/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $1,795,000 -- $391 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,103 $250,314 $181,668 $68,646
2024 $3,940 $245,406 $178,106 $67,300
2023 $3,874 $240,595 $174,614 $65,981
2022 $3,664 $235,879 $171,191 $64,688
2021 $32,723 $2,679,473 $1,855,020 $824,453
2020 $32,638 $2,652,000 $1,836,000 $816,000
2019 $22,197 $1,768,680 $1,238,076 $530,604
2018 $21,584 $1,734,000 $1,213,800 $520,200
2016 $19,619 $1,648,487 $1,354,118 $294,369
2015 $18,820 $1,623,726 $1,333,778 $289,948
2014 $18,673 $1,591,921 $1,307,652 $284,269
Source: Public Records

Agents Affiliated with this Home

  • David Harrington

    Seller's Agent in 2019

    David Harrington

    Matthews Real Estate Investment Services

    (866) 889-0550

    20 Total Sales

    David Harrington
    Section Image

  • J

    Seller's Agent in 2018

    Joanne Kootsikas

    Joanne Kootsikas, Broker

    (949) 861-0738

    2 in this area

    7 Total Sales

    Joanne Kootsikas
    Section Image

  • N

    Buyer's Agent in 2018

    NONE NONE

    None MRML

  • Mark Kachigan

    Seller's Agent in 2016

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    32 Total Sales

    Mark Kachigan
    Section Image
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Map

Source: The MLS

MLS Number: 18-413266

The MLS

APN: 7250-031-008

California Los Angeles County Long Beach 90803 Belmont Heights

262 Park Ave, Long Beach, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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